Navitas (NASDAQ: NVTS) awards director 9,990 RSUs
Rhea-AI Filing Summary
Navitas Semiconductor Corp (NVTS) reported that director Richard J. Hendrix received an annual grant of 9,990 restricted stock units (RSUs) for the 2026–2027 board term under the company’s 2021 Equity Incentive Plan. The RSUs carry no cash exercise price and vest in full on June 25, 2027. Following this award, Hendrix directly holds 43,845 shares of Class A common stock, and is also reported as having indirect interests in shares held by Live Oak Sponsor Partners II, LLC and RJH Management Co., LLC, with beneficial ownership of the Live Oak-held shares disclaimed except for his pecuniary interest.
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Insider Trade Summary
Net Buyer: 9,990 shares
Net Buy
3 txns
Insider
HENDRIX RICHARD J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 9,990 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 43,845 shares (Direct);
Class A Common Stock — 2,375,060 shares (Indirect, By Live Oak Sponsor Partners II, LLC);
Class A Common Stock — 101,709 shares (Indirect, By RJH Management Co., LLC)
Footnotes (2)
- F1. Reflects shares underlying an annual award of restricted stock units ("RSUs") granted for the 2026-2027 board term under the issuer's non-employee director compensation program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the reporting person's right to receive one share of Class A Common Stock of the issuer following the vesting date in accordance with the Plan and subject to applicable issuer policies. The RSUs will vest in full on June 25, 2027.
- F2. The reporting person is a managing member of Live Oak Sponsor Partners II, LLC. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
Key Figures
RSUs granted: 9,990 RSUs
Vesting date: June 25, 2027
Direct holdings after transaction: 43,845 shares
+4 more
7 metrics
RSUs granted
9,990 RSUs
Annual award for the 2026–2027 board term
Vesting date
June 25, 2027
RSUs vest in full on this date
Direct holdings after transaction
43,845 shares
Class A Common Stock directly held by Richard J. Hendrix
Indirect holdings via Live Oak Sponsor Partners II, LLC
2,375,060 shares
Class A Common Stock held indirectly; beneficial ownership disclaimed except for pecuniary interest
Indirect holdings via RJH Management Co., LLC
101,709 shares
Class A Common Stock held indirectly
Transaction price per share
$0.00
Grant of 9,990 RSUs to director as compensation
Transaction date
2026-07-22
Date of RSU grant and reported holdings
Key Terms
restricted stock units, non-employee director compensation program, Equity Incentive Plan, pecuniary interest
4 terms
restricted stock units financial
"Reflects shares underlying an annual award of restricted stock units ("RSUs") granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
non-employee director compensation program financial
"granted for the 2026-2027 board term under the issuer's non-employee director compensation program"
Equity Incentive Plan financial
"under the issuer's ... program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
pecuniary interest financial
"disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest"
FAQ
What did NVTS director Richard J. Hendrix receive in this Form 4 filing?
He received an annual award of 9,990 RSUs covering Navitas Semiconductor Corp Class A Common Stock for the 2026–2027 board term, granted under the company’s non-employee director compensation program and 2021 Equity Incentive Plan.
When do the new RSUs for NVTS director Hendrix vest?
The 9,990 RSUs granted to director Richard J. Hendrix will vest in full on June 25, 2027, in accordance with Navitas Semiconductor Corp’s 2021 Equity Incentive Plan and applicable company policies.
What indirect holdings of NVTS stock are associated with Hendrix?
The filing reports 2,375,060 shares held indirectly through Live Oak Sponsor Partners II, LLC and 101,709 shares held indirectly through RJH Management Co., LLC. Hendrix disclaims beneficial ownership of the Live Oak shares except to the extent of his pecuniary interest.
Was the NVTS RSU grant to Hendrix a market purchase or sale?
No. The transaction is coded A, indicating a grant, award, or other acquisition. The 9,990 RSUs were granted as director compensation, with a reported price per share of $0.00.
AI-generated analysis. How Rhea-AI works. Not financial advice.
